Cultural inclusivity and corporate social responsibility in China
Abstract This paper aims to explore whether cultural inclusivity has a significant impact on corporate social responsibility (CSR). The research shows that firms located in regions with higher cultural inclusivity tend to take on more social responsibilities, suggesting that corporate humanistic car...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Springer Nature
2023-10-01
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| Series: | Humanities & Social Sciences Communications |
| Online Access: | https://doi.org/10.1057/s41599-023-02193-w |
| _version_ | 1827724029772955648 |
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| author | Guangfan Sun Changwei Guo Bin Li Honglei Li |
| author_facet | Guangfan Sun Changwei Guo Bin Li Honglei Li |
| author_sort | Guangfan Sun |
| collection | DOAJ |
| description | Abstract This paper aims to explore whether cultural inclusivity has a significant impact on corporate social responsibility (CSR). The research shows that firms located in regions with higher cultural inclusivity tend to take on more social responsibilities, suggesting that corporate humanistic care and environmental awareness are linked to cultural inclusivity. Furthermore, the effect of cultural inclusivity is more evident in large firms, state-owned enterprises, and firms with high board independence. The use of natural disasters as an instrumental variable in the analysis helped to address endogeneity concerns. Additionally, the outcomes indicate that regions with greater exposure to cultural inclusivity tend to exhibit more characteristics of “gender equality” and fewer characteristics of “power gap”, which have a strong correlation with CSR. These findings shed light on the impact of cultural inclusivity on corporate governance and help explore the informal institutional factors influencing CSR at the geographical level. |
| first_indexed | 2024-03-10T22:08:09Z |
| format | Article |
| id | doaj.art-2882cea78be54c5b8bd6fc54e632a23f |
| institution | Directory Open Access Journal |
| issn | 2662-9992 |
| language | English |
| last_indexed | 2024-03-10T22:08:09Z |
| publishDate | 2023-10-01 |
| publisher | Springer Nature |
| record_format | Article |
| series | Humanities & Social Sciences Communications |
| spelling | doaj.art-2882cea78be54c5b8bd6fc54e632a23f2023-11-19T12:42:58ZengSpringer NatureHumanities & Social Sciences Communications2662-99922023-10-0110111210.1057/s41599-023-02193-wCultural inclusivity and corporate social responsibility in ChinaGuangfan Sun0Changwei Guo1Bin Li2Honglei Li3School of Business, Renmin University of ChinaSchool of Business, Renmin University of ChinaSchool of Economics and Management, Southeast UniversitySchool of Business, Renmin University of ChinaAbstract This paper aims to explore whether cultural inclusivity has a significant impact on corporate social responsibility (CSR). The research shows that firms located in regions with higher cultural inclusivity tend to take on more social responsibilities, suggesting that corporate humanistic care and environmental awareness are linked to cultural inclusivity. Furthermore, the effect of cultural inclusivity is more evident in large firms, state-owned enterprises, and firms with high board independence. The use of natural disasters as an instrumental variable in the analysis helped to address endogeneity concerns. Additionally, the outcomes indicate that regions with greater exposure to cultural inclusivity tend to exhibit more characteristics of “gender equality” and fewer characteristics of “power gap”, which have a strong correlation with CSR. These findings shed light on the impact of cultural inclusivity on corporate governance and help explore the informal institutional factors influencing CSR at the geographical level.https://doi.org/10.1057/s41599-023-02193-w |
| spellingShingle | Guangfan Sun Changwei Guo Bin Li Honglei Li Cultural inclusivity and corporate social responsibility in China Humanities & Social Sciences Communications |
| title | Cultural inclusivity and corporate social responsibility in China |
| title_full | Cultural inclusivity and corporate social responsibility in China |
| title_fullStr | Cultural inclusivity and corporate social responsibility in China |
| title_full_unstemmed | Cultural inclusivity and corporate social responsibility in China |
| title_short | Cultural inclusivity and corporate social responsibility in China |
| title_sort | cultural inclusivity and corporate social responsibility in china |
| url | https://doi.org/10.1057/s41599-023-02193-w |
| work_keys_str_mv | AT guangfansun culturalinclusivityandcorporatesocialresponsibilityinchina AT changweiguo culturalinclusivityandcorporatesocialresponsibilityinchina AT binli culturalinclusivityandcorporatesocialresponsibilityinchina AT hongleili culturalinclusivityandcorporatesocialresponsibilityinchina |